Why is CCL Products falling/rising?

As of 04-Sep, CCL Products (India) Ltd is currently priced at 926.00, reflecting a decline of 5.8 points or 0.62%. Despite this drop, the stock has shown strong performance over the past week, gaining 8.94%, and has outperformed the sector by 2.07% today. The stock is trading above its moving averages and is only 4.03% away from its 52-week high of Rs 963.35. The company has also demonstrated solid returns over the past year, with an 11.40% increase, while profits have risen by 19.4%. High institutional holdings at 31.84% indicate confidence from larger investors, which may support the stock's valuation despite the recent price decline.
In the broader market context, CCL Products has outperformed the Sensex, which has only increased by 0.80% over the past week. The stock's year-to-date performance of 24.71% significantly surpasses the Sensex's 3.30% gain, highlighting its strong market position. However, the tea/coffee sector has faced a downturn, with a decline of 2.75%, which may be influencing the stock's recent price movement. Overall, while CCL Products is experiencing a short-term decline, its long-term performance remains robust compared to both its sector and the broader market.